Mortgage Underwriter
4 weeks ago
At Intercap Lending, we're seeking a detail-oriented Mortgage Underwriter to join our team in assessing mortgage loan applications for approval. As a Junior Underwriter, you'll play a crucial role in reviewing borrower documents, evaluating risk factors, and ensuring compliance with lending guidelines.
Key Responsibilities:
- Review and analyze borrower documents, credit reports, income verification, and other relevant information to assess loan eligibility.
- Evaluate loan applications against company and investor guidelines to determine creditworthiness and risk levels.
- Collaborate with loan processors, loan officers, and other teams to gather necessary documentation and information.
- Communicate with internal and external stakeholders to clarify information and address inquiries.
- Make recommendations for loan approvals, denials, or conditions based on underwriting analysis.
- Ensure compliance with regulatory requirements and industry best practices in underwriting decisions.
- Assist in maintaining underwriting documentation, records, and reports.
- Stay updated on changes in underwriting guidelines and industry trends.
Requirements:
- Bachelor's degree in finance, business administration, or related field is preferred.
- 1+ years of experience in mortgage underwriting or related roles is a plus.
- Solid understanding of mortgage underwriting principles and loan processing.
- Proficiency in reviewing credit reports, income documentation, and borrower information.
- Strong analytical and problem-solving skills.
- Excellent attention to detail and accuracy in reviewing documents.
- Effective communication and interpersonal abilities.
- Ability to work efficiently in a fast-paced environment.
- Familiarity with Encompass or other loan origination systems is a plus.
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